4.06% 12-Month CD at a Texas Bank (Sovereign)

Sovereign Bank is advertising a special 4.06% APY 12-month CD. The minimum deposit is $25,000. Offer is valid through August 15, 2008. This doesn't seem to be listed at the bank's website. It was advertised in today's Dallas Morning News. The ad is available online here.

A branch visit appears to be required to open an account. The ad lists branches in both the Dallas/Fort Worth area and in the Austin area. Refer to the bank's branch locator for all of the cities. The bank has been FDIC insured since 2004 (FDIC Certificate # 57787). It has 3.5 star rating (good) at BauerFinancial based on 3/31/08 data.

Other High Certificate of Deposit Rates

Wachovia just started a CD promotion that includes a 4.25% APY 12-month CD and a 4.00% APY 7-month CD (see post). For more high CD rates, please refer to my Nationwide CD rate summary.

Tags: Sovereign Bank, CD rates, Texas